SentinelOne $1.44B convertible notes offering and capped call transactions
We advised the initial purchasers on the offering
Davis Polk advised the representatives of the several initial purchasers, in connection with a Rule 144A offering by SentinelOne, Inc. of $1.44 billion aggregate principal amount of its 0.00% convertible senior notes due 2031, including $187.5 million aggregate principal amount of additional securities. In addition, Davis Polk advised the counterparties to the capped call transactions entered into in connection with the offering.
SentinelOne pioneered the world’s first purpose-built AI-powered security platform to make cyber defense truly autonomous, from the endpoint and beyond. Their Singularity Platform, used by organizations around the globe, instantly defends against cyberattacks—performing at a faster speed, greater scale and higher accuracy than otherwise possible from a human-powered approach.
The Davis Polk capital markets team included partner Derek Dostal and counsel Emily Weiss-Cook. The equity derivatives team included partner Mark M. Mendez, counsel M. Faisal Baloch and associates Alexander S. Pettingell, Chanique C Vassell and Selena (Zhijun) Fu. Partner Matthew J. Bacal provided intellectual property advice. The tax team included partner Lucy W. Farr and associate Omar Hersi. All members of the Davis Polk team are based in the New York office.